ValuEngine upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a buy rating to a strong-buy rating in a report published on Friday.

HIBB has been the subject of several other research reports. SunTrust Banks reiterated a hold rating and issued a $13.00 price target on shares of Hibbett Sports in a research report on Tuesday, October 17th. Forward View downgraded shares of Hibbett Sports to a sell rating and set a $10.00 price target for the company. in a research report on Monday, August 28th. UBS upgraded shares of Hibbett Sports from a neutral rating to a positive rating in a research report on Wednesday, September 20th. Susquehanna Bancshares upgraded shares of Hibbett Sports from a neutral rating to a positive rating and upped their price target for the company from $11.00 to $17.00 in a research report on Wednesday, September 20th. Finally, Canaccord Genuity set a $17.00 price target on shares of Hibbett Sports and gave the company a hold rating in a research report on Monday, November 20th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $22.56.

Hibbett Sports (HIBB) traded down $1.20 during mid-day trading on Friday, reaching $18.75. 1,239,600 shares of the company traded hands, compared to its average volume of 692,687. Hibbett Sports has a 1 year low of $9.40 and a 1 year high of $43.40. The stock has a market cap of $385.12, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 5.80 and a beta of 0.96.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, November 17th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.22 by $0.15. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The firm had revenue of $237.80 million during the quarter, compared to the consensus estimate of $219.38 million. During the same quarter in the prior year, the firm earned $0.66 EPS. Hibbett Sports’s revenue for the quarter was up .3% on a year-over-year basis. sell-side analysts predict that Hibbett Sports will post 1.5 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Hibbett Sports by 10.6% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 207,993 shares of the company’s stock worth $2,964,000 after purchasing an additional 20,013 shares during the period. California Public Employees Retirement System grew its stake in Hibbett Sports by 30.2% in the 3rd quarter. California Public Employees Retirement System now owns 123,591 shares of the company’s stock valued at $1,761,000 after acquiring an additional 28,691 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Hibbett Sports by 51.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,229 shares of the company’s stock valued at $388,000 after acquiring an additional 9,283 shares during the last quarter. KBC Group NV grew its stake in Hibbett Sports by 72.1% in the 3rd quarter. KBC Group NV now owns 81,889 shares of the company’s stock valued at $1,167,000 after acquiring an additional 34,317 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Hibbett Sports in the 3rd quarter valued at about $143,000.

TRADEMARK VIOLATION NOTICE: This news story was first reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/12/04/hibbett-sports-hibb-lifted-to-strong-buy-at-valuengine.html.

Hibbett Sports Company Profile

Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

Receive News & Ratings for Hibbett Sports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports Inc. and related companies with MarketBeat.com's FREE daily email newsletter.